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JLT ACQUIRES A LEADING TRADE CREDIT AND POLITICAL RISK BROKER IN THE US

February 28, 2018

New York

JLT further strengthens its US Specialty business with key acquisition

Jardine Lloyd Thompson Group plc (JLT), one of the world's leading
providers of insurance, reinsurance, and employee benefits related
advice, brokerage, and associated services, has acquired International
Risk Consultants (IRC), a major US specialist trade credit and
political risk broker.

Based in Columbus, Ohio, and operating across US, Brazil, China and
Hong Kong, IRC provides trade credit, single-and-multi-buyer, and
political risk insurance.

The acquisition creates an industry-leading capability which combines
IRC’s deep-rooted credit and political risk specialty expertise with
JLT’s global credit, political and security (CPS) risk resources and
position as a CPS risk specialist.

JLT and IRC share a strong strategic and cultural fit as specialist
brokers, and already work together serving a number of JLT’s global
CPS clients. IRC’s product specialties align with JLT’s global CPS
risk capabilities.

Nick Robson CEO of JLT Specialty Limited CPS Division,
said: “JLT’s CPS practice and the IRC team are committed to
helping our clients secure growth and deliver results wherever they
trade and invest. The combination of our existing leading
international CPS business in Europe, MEA and Asia, with IRC’s
strength in the USA, Asia and Brazil will create the world’s leading
CPS practice, delivering marketing leading international risk and
insurance expertise with local service on a global basis.”

Mike Rice, Executive Chairman of JLT Specialty US
said: “IRC and JLT share a profound commitment to specialty
expertise and to putting the client first. This transaction is
consistent with the key pillars of JLT’s strategy - focusing and
growing in specialist industry and product areas and building its
global reach to better serve our clients.”

Ed Yauch, President & CEO of International Risk
Consultants, said: “IRC has found a home within JLT. This
seems like a natural next step as we have known some of their
principals and partners for over twenty years. This acquisition
magnifies our global capabilities and accelerates our growth
opportunities with large corporates and global financial institutions
alike. We are excited to join JLT, and with their global framework and
specialized expertise we will continue to deliver customized solutions
for our clients.” Read more.